Original(SH:603991) Zheng Quan Zhi Xing·2025-05-29 15:23Core Viewpoint - The financial statements of Chuzhou Guantai Semiconductor Industry Development Fund (Limited Partnership) reflect the fund's financial position and performance for the years ending December 31, 2024, and December 31, 2023, indicating a focus on sustainable operations and adherence to accounting principles [1][2][3]. Financial Position - As of December 31, 2024, the fund's bank deposits amounted to RMB 106,579.42 million, a decrease from RMB 111,605.47 million in 2023 [21]. - The investment in Chuzhou Zhiyuan was recorded at RMB 395,709,867.84 million as of December 31, 2024, compared to RMB 395,316,578.56 million in 2023, indicating a slight increase in investment [21]. - The total partner capital at the end of 2024 was RMB 410,498,678.31 million, up from RMB 406,565,785.54 million in 2023 [22]. Financial Performance - The fund reported a net loss of RMB 3,544,629.54 million for the year 2024, compared to a net loss of RMB 3,582,273.02 million in 2023, showing a slight improvement in financial performance [24]. - The fund's total expenses for management and advisory fees were RMB 2,753,024.94 million for 2024, consistent with the previous year [22]. Accounting Policies - The fund's financial statements are prepared based on the going concern assumption, with no significant doubts about its ability to continue operations for the next 12 months [1]. - The fund employs the accrual basis of accounting, with historical cost as the measurement basis for most assets, except for certain financial instruments measured at fair value [2][3]. - Financial assets are classified based on the purpose of holding them, with those intended for trading measured at fair value and others measured at amortized cost [6][7]. Risk Management - The fund has implemented risk management policies to monitor and control financial risks associated with its financial instruments, including credit risk and liquidity risk [25][26]. - The fund maintains sufficient cash and cash equivalents to meet operational needs and mitigate cash flow volatility [27].